Today we will analyze the stock Pacific Asia Petroleum (PFAP.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Pacific Asia Petroleum (PFAP.OB)
1- Last bearish trend was from 4.68 $ (10/29/2009) to 4.33 $ (11/2/2009) a 0.35 $ move 2- The current bullish trend started from 4.33 $ at 11/2/2009 and is currently trading at 5.24 $.
3- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Pacific Asia Petroleum (PFAP.OB) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.750 $ height triangle which was broken up at 5.020 in higher than usual volume, target of the pattern is 5.770.
Pacific Asia Petroleum (PFAP.OB) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 0.750 $ height triangle which was broken up at 5.020 in higher than usual volume, target of the pattern is 5.770.
Pacific Asia Petroleum (PFAP.OB) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.300 and 3.230, and is currently supporting at 4.615.

Stock Trading Conclusion:
Pacific Asia Petroleum (PFAP.OB) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 5.77,.
Stock Support levels : 5.03, 4.89, 4.78, 4.68, 4.61, 4.43,.